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1101 16th Street N, Saint Petersburg, FL

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1101 16th Street N

Saint Petersburg, FL 33705-1157 - Uptown MF Submarket

Property Type:Multi-Family Number of Units:12 Status:Existing Year Built:1955
Stories:1 Building Size:5,615 SF Land Area:.29 AC (12,415 SF)
For Sale Price:$884,000 Price/Unit:$73,666.67 Cap Rate:9.00 % GRM:-

Parking:1.78 Parking Spaces / 1,000 SF

Sale Notes:
DOWNTOWN ST. PETE INVESTORS, THIS IS FOR YOU!! Located just minutes from downtown, this property is perfect for that renter that wants to be as close to downtown as possible, without paying downtown rates. The property has undergone an aggressive rehab and each unit has been rehabbed as leases expired. Rent rates have been increased, post rehab, with new annual leases signed by all tenants. This is a great investment property with minimal maintenance expenses and solid rent rates. There are 12 units on this property, a combination of efficiency apartments and 1 bedrooms. There is on-site laundry (coin operated for more potential income), a maintenance room with a bathroom and is easy access to interstate. Turn-key investment opportunity for any investor looking to capitalize on the booming St. Pete market. This property won't last long and has already been through a rigorous property inspection and passed with flying colors. The owner recently tented the property for termites and this property is ready to sell, FAST! Bring your strongest CASH offers because there will be competition on this one. See you at the closing table...........

Your Total Realty, LLC
Chris Gash
(727) 415-2936 x7

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